Balljy
Full Member
- Joined
- Jan 31, 2016
- Messages
- 3,343
There aren't tax cuts overall, although some of it is hidden by moving it around and the previously announced increase of NI plus freezing the income tax threshold means that taxes are increased pretty much across the board. Apparently the tax burden in the UK will be the highest it's been since the 1950's.It needs more still. UK rail is the least heavily subsidised in Europe.
I dont really understand this budget at first glance. Loads of spending, tax cuts, but the overall borrowing is set to drop? Where will the money come from? They're treading a very fine line hoping GDP growth will cover it.
High speed rail in Italy is what killed Alitalia. It can be done, but the UK needs to stop pandering to every fringe group on the planet and make some big decisions.
https://www.bbc.co.uk/news/business-59076532